Broderick Company sells lumber. Inventory cost data per 1,000 board feet of lumber for the Broderick Company are as follows: Item Plywood Oak Pine Redwood QUATITILVZONhLalNG sir cus eetine baie dapcus ei een GaSe 25 20 43 2. OniginalecOStewte. erase cache tame ns Ser eee $600 $2,000 $800 $1,400 Current replacement. costs... w cia. ce ce weeks 600 1,800 700 1,800 Netirealizable Valuer oi... scasy he A Sco hares 500 1,900 800 1,600 Net realizable value minus normal profit...... 400 1,850 600 1,300 1. By what amount, if any, should each item (considered separately) be written down? 2. Make the appropriate journal entry (or entries):

a. Assuming that each inventory item is considered separately.

b. Assuming that LCM is applied to total inventory.